Elastic N.V. Provides Earnings Guidance for the Fourth Quarter and for Fiscal 2024 Ending April 30, 2024
February 29, 2024 at 04:07 pm
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Elastic N.V. provided earnings guidance For the fourth quarter and For fiscal 2024 ending April 30, 2024. For the period, Total revenue is expected to be between $328 million and $330 million, representing 18% year-over-year growth at the midpoint (18% year-over-year constant currency growth at the midpoint).
For fiscal 2024 (ending April 30, 2024), Total revenue is expected to be between $1.260 billion and $1.262 billion, representing 18% year-over-year growth at the midpoint (17% year-over-year constant currency growth at the midpoint).
Elastic NV is a Netherlands-based data analytics company. The Companyâs platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from large amounts of data and take action. The Company offers three search-powered solutions - Enterprise Search, Observability, and Security - that are built into the platform, which is built on the Elastic Stack, a set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. The Company helps organizations, their employees, and their customers find what they need, while keeping mission-critical applications running smoothly, and protecting against cyber threats. The Company generates revenue primarily from sales of subscriptions to its platform.